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1. Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero interest-bearing notes to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck.
Which of the following represents the material price variance? The materials price variance for an item is the difference between its actual price and its standard cost.
1 if income from operations for a division is 12000 invested assets are 50000 and sales are 60000 the profit margin is
he anticipates that the business will be profitable immediately due to a patent he holds. he predicts that profits for
A type of budget based on the output level planned at the start of the budget period.
The agreement provided that Mock and Tuhi owned the ticket in equal shares. Mock cashed in the ticket, and gave $500,000 to Tuhi. Who owes income tax on the winnings? Did Mock make a gift to Tuhi?
joe worked on his accounting homework for one and one half hours. during that time he completed 6 problems. what is the
1.On June 30, 2013, Rosetta Granite purchased a machine for $120,000. The estimated useful life of the machine is eight years and no residual value is anticipated.
If accrued salaries were recorded on December 31 with a credit to Salaries Payable, the entry to record payment of these wages on the following January 5 would include:
london purchased a piece of real estate last year for 85400. the real estate is now worth 104300. if london needs to
xpected sales for tents at sandys camping gear are 4200 6100 2200 3400 and 5300 for the next five quarters. at the end
The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in..
schefter mining operates a copper mine in wyoming. acquisition exploration and development costs totaled 8.2 million.
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